Expansion through Acquisition and Merger

Edith Penrose

in The Theory of the Growth of the Firm

Third edition

Published in print September 1995 | ISBN: 9780198289777
Published online November 2003 | e-ISBN: 9780191596759 | DOI:
 Expansion through Acquisition and Merger

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This chapter discusses the expansion of firms via acquisitions and mergers. It is shown that a greater rate of expansion is made possible by merger. So long as a merger is a feasible and profitable method of expansion, it can be safely assumed that firms that have grown by merger will be larger than they otherwise would have been.

Keywords: firms; expansion; acquisitions; mergers

Chapter.  19787 words. 

Subjects: Microeconomics

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